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Skye Bank, Others Introduce Multi-Purpose Card

Skye Bank, Others Introduce Multi-Purpose Card
Skye Bank Plc has introduced a Security Verified Identity Card for members of the National Union of Road Transport Workers as part of measures to build a reliable data base for the NURTW and integrating its members into the financial system.

The card, which was launched in Abuja last week by the Secretary to the Government of the Federation, Chief Anyim Pius Anyim, is a multi-functional card which includes features like insurance purse, mobile wallet and an identity card, according to a statement by the lender.

Skye Bank, which is the lead bank on the project, is working in partnership with other organisations like Globacom, G3 Limited. A few other banks are also working on the project.

While speaking at the launch of the card in Abuja, the Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Timothy Oguntayo, said the card was aimed at reducing financial crimes and identity theft, describing it as not just a card but “it’s your identity, it’s your security, and it’s your gift to posterity”
According to him, the card will bear the holder’s photo, the logo of the holder’s organisation, the S-Vid logo and the bank’s logo.

Oguntayo, who said the card would boost the cashless initiative of the Central Bank of Nigeria, also said it would serve as a useful tool for financial inclusion

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